Could £500 Family Loan Really Help?
Understanding the CLEVR Money Family Loan
When our credit score goes down, finding accessible and affordable loan options can be challenging. Especially if it is urgent cash that's needed. CLEVR Money offers a unique solution with our Family Loan, designed specifically to meet the needs of families. Here’s a closer look at the benefits and features of the CLEVR Money Family Loan:
1. No Credit Check Required
One of the standout features of the CLEVR Money Family Loan is that it does not require a credit check. This makes it an excellent option for individuals who may have a less-than-perfect credit history but still need financial assistance.
2. Repayment via Child Benefit
The loan repayments are made through your child benefit payments. This method simplifies the repayment process, ensuring that you don’t have to worry about missing a payment or setting up direct debits. The child benefit is split into two parts: one part covers the loan repayment and some savings, while the rest is transferred to your personal bank account.
3. High Approval Rate
CLEVR Money boasts a high approval rate for Family Loan. This is particularly beneficial for families who need quick access to funds for unexpected expenses or to spread the cost of a bill.
4. Simple and Fast Application Process
Applying for the Family Loan is straightforward and can be done entirely online. The process involves filling out a quick application form and connecting your bank via Planky. Once approved, the loan amount is transferred to your bank account within one working day.
5. Affordable and Transparent Terms
The Family Loan offers clear and transparent terms. Borrowing £500 over 12 months will cost £50.23 per month, with a total repayable amount of £602.76, including interest at 42.6% APR. This transparency helps families plan their finances more effectively.
6. Potential to Improve Credit Score
Making timely repayments on the Family Loan can help improve your credit score. This can be a significant advantage for those looking to rebuild their credit history.
If you have any question, email us at hello@clevr.money
